🟢 AMAT is trading 3.1% up today as analysts raise price targets on AI infrastructure demand

AMAT is trading at $419.42 (+3.07%) after Morgan Stanley and Argus Research raised their price targets, citing surging demand for AI infrastructure.

• Morgan Stanley lifted its target to $502 and Argus to $500, reflecting a positive outlook for semiconductor equipment demand.
• The stock is rebounding from a sharp decline on May 18, buoyed by sector-wide optimism ahead of Nvidia’s earnings report later today.